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Why is a 7.5% US mortgage still so expensive despite 18% rates in the 1980s?

Why does a 7.5% US mortgage still feel expensive? Higher home prices, bigger down payments and income gaps are making housing less affordable.

Why is a 7.5% US mortgage still so expensive despite 18% rates in the 1980s?

We haven't written up this one. Hindustan Times - World News has the full story — the link below goes straight to it.

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